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Excessive Padding in Panel

I'm utilizing Panels (7.x-3.0) and encountering some excessive padding at the top. I'm not seeing anything in Firebug that indicates where the padding is coming from so I'm unclear if it's something in Panels or the Corporate Clean theme. I do know that I'm using Panels to create an identical block on another website utilizing the Danland theme and am not encountering this issue. So, this leads me to think it's likely the theme. Screen shot attached which shows the padding along with pertinent Firebug output.